TECTERRA Inc.



TECTERRA Inc.

May 27, 2014 16:27 ET

TECTERRA Funds Additional $3.5-Million for Geomatics Growth in 2013-14

CALGARY, ALBERTA--(Marketwired - May 27, 2014) -

TECTERRA Inc. announced today that it has committed nearly $3.5- million of funds supporting the geomatics technology sector in Canada during the last fiscal year ending on March 31, 2014. The year's commitment brings TECTERRA's to date investment commitment to the geomatics industry to over $29-million. The investment sum represents commitments to support geomatics companies and applied research projects for technology commercialization, new job creation and Highly Qualified Personnel (HQP) training and development across the country, with total matching private investments in the amount of $18.3-million toward the supported projects and initiatives.

"TECTERRA is pleased that we can continue to provide support to small and medium Canadian geomatics companies and, in turn, drive the growth and development of the geospatial industry across Canada," says Dr. Mohamed Abousalem, Chief Executive Officer for TECTERRA. "Our carefully designed investment and grant programs allow Canadian geomatics companies developing technology solutions for resource management and other geospatial applications to achieve commercial success faster than they would on their own. We look forward to continuing to contribute to the economic growth of Canada in the years to come."

Following is a summary of TECTERRA's commercialization support and job creation activities in the period from TECTERRA's start of operation in June 2010 through the end of March 2014.

Project/Activity Type # of Units Investment
Small & medium geomatics companies supported 141 companies $16,533,375
New HQP jobs (inc. those within funded projects) 239 HQP $1,526,927
University applied research projects 25 projects $4,720,238
HQP trained on state-of-the-art geomatics technology 552 HQP $249,228
TECTERRA Geomatics Lab investment for product development and HQP training 16,523 equipment-days
95 training days
$6,073,418

TECTERRA continues to develop new programs that support the geomatics industry and applied geomatics research in Alberta and across Canada.

To meet with some of TECTERRA's supported companies, learn more about TECTERRA's programs and activities, and stay up to date on the newest innovations in geomatics technology, register today to attend TECTERRA Geomatics Showcase 2014 on June 18th, 2014, at the Calgary Telus Convention Centre. Visit www.tecterra.com for event details and to register.

About TECTERRA:

TECTERRA Inc. is a national organization supporting the Canadian development and commercialization of geomatics technologies for integrated resource management. With current funding from the Province of Alberta and the Government of Canada, TECTERRA invests in technology solutions for energy, forestry, agriculture, environment, and land management and development applications. The first centre of its kind, TECTERRA works with industry, entrepreneurs, researchers, and government partners to enable the use of geomatics technologies in addressing local, national and global challenges in resource management. TECTERRA, a non-profit organization, is governed by an independent Board of Directors representing key industry sectors associated with TECTERRA's focus markets. For more information, visit www.tecterra.com.

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